SEOUL, June 5 (Korea Bizwire) — South Korean convenience store industry’s strategy to maximize offline sales by utilizing online platforms is gaining momentum. Convenience store chain CU placed a hangover relief jelly at its physical stores after the product gained popularity among young people when it was released on its mobile application Pocket CU in [...]
SEOUL, May 30 (Korea Bizwire) — The number of connected cars in South Korea has surpassed 7 million, which accounts for one out of every four cars on the road. A connected car refers to a vehicle that is equipped with wireless connectivity both inside and outside the vehicle. This enables new functionality such as [...]
SEOUL, May 24 (Korea Bizwire) — Sales of cold medicines in South Korea are increasing as more people contract influenza following the relaxation of social distancing measures implemented during the pandemic. “Pancold,” a cold medicine manufactured by Dongwha Pharmaceutical Co., recorded sales of 14.7 billion won (US$11.1 million) in the first quarter, marking a 32.4 [...]
SEOUL, May 22 (Korea Bizwire) — The exotic flavor and exclusivity of traditional Korean liquor have played a crucial role in attracting younger individuals, commonly referred to as Generation MZ. According to industry sources, the sales of traditional liquor at South Korean discount store Lotte Mart Co. experienced a 15 percent increase between January and [...]
SEOUL, May 22 (Korea Bizwire) — After being overshadowed by air-conditioners, electric fans are regaining popularity due to high inflation and increased electricity costs. Sales of electric fans at E-Mart outlets from April to May 17 showed a growth of 34.3 percent compared to the previous year. With their wallets becoming slimmer due to high [...]
SEOUL, May 8 (Korea Bizwire) — Hyundai Motor Group’s sport utility vehicles (SUV) are driving sales in the United States, the “home of SUVs,” and are receiving high praise from both customers and automotive publications. Hyundai Motor Co. and its affiliate Kia Corp. sold 381,606 SUVs in the U.S. market from January to April, up 18.6 [...]
SEOUL, April 27 (Korea Bizwire) — The market for robot vacuum cleaners, including high-end luxury products, is rapidly expanding in South Korea. According to price-comparison service provider Connectwave Co., purchases of robot cleaners from online shopping malls increased by 23.7 percent during the first quarter of this year, a rise of 74 percent from a [...]
SEOUL, April 24 (Korea Bizwire) — The pandemic has boosted the consumption of video content such as films and TV series, and the cars that appear in these videos are gaining popularity. Netflix’s new Korean crime action series “Kill Boksoon” is notable for featuring the main character’s Mercedes-Benz G-Class. The four-wheel-drive vehicle is unique for [...]
SEOUL, April 24 (Korea Bizwire) — The demand for zero-calorie beverages and sugar-free options remains strong in South Korea. Convenience store chain Emart24 reported a 70 percent increase in first-quarter sales of zero-calorie drinks compared to the previous year. Last year, Emart24′s zero-calorie beverage sales grew by 78 percent year-on-year, with an average annual growth [...]
SEOUL, April 17 (Korea Bizwire) — With high inflation putting financial pressure on households, an increasing number of consumers are opting for frozen products, even in the categories of fruits and vegetables. According to South Korean discount retailer E-Mart Inc., the company’s sales of frozen vegetables marked a 22.4 percent growth over the past year [...]